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April 22, 2025

Galaxy Digital Trades 106 Million ETH for SOL – Ethereum Dominance Falls

In a surprising move, Galaxy Digital has swapped $106 million worth of Ethereum for Solana (SOL). This transaction indicates a bearish sentiment surrounding Ethereum as it continues to experience price corrections. Investor confidence is waning, reflected by Ethereum’s declining market dominance. As Galaxy Digital shifts assets to SOL, analysts monitor how this trend may affect Ethereum’s standing in the broader cryptocurrency market.

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